Kingsrose Mining Limited (ASX: KRM) is pleased to advise that pre-mining waste removal
has started at its second open pit mine, Talang Santo, within the Way Linggo Project in Indonesia. Other infrastructure to support full mining operations has already been completed.
Kingsrose’s strategy is aimed at having Talang Santo and the Way Linggo pit, which is already in production, operating at the same time.
It is expected the Talang Santo open pit will have an initial mine life of 22 months with the ore being processed in conjunction with the Way Linggo open pit ore at the Company’s Way Linggo processing facility. The combined operations are expected to generate significant free cashflow for the Company. Kingsrose is also pursuing a multi-pronged exploration campaign targeting several highly promising prospects within the wider Way Linggo project area.
